Finally good news out of Afghanistan: " Opium cultivation in Afghanistan has hit record levels - up by more than 40 percent from 2005 - despite hundreds of millions in counternarcotics money, Western officials told The Associated Press." I wonder, when does the CBOT start to trade opium futures? I am sure long on it...
Nobody pointed out yet, but if the commodity had a good year, thus plenty on the market, I should be shorting it instead of being long.
Yeah, but are you sure that demand has peaked? How much of that +40% increase in production is sitting unsold? Would street-prices drop if you moved it?
Ummmm, you missed maths class in high school? the 40% growth is ON TOP of the +2000% yearly compound growth. All flowing into the coffers of the largest drug dealing and money laundering operation in the universe. The CIA.